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Home BUSINESSTurnover in manufacturing falls by 3% in Q1
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Wed, 15 Jun, 2016 12:02:23 AM
FTimes Report, Jun 15
 
Turnover in manufacturing in the January to March period was 3.3 per cent lower than in the corresponding period of the year before, according to Statistics Finland.
 
Domestic sales contracted by 0.5 per cent and export turnover by 5.3 per cent from one year ago.
 
The turnover went down from the corresponding period of the previous year in nearly all manufacturing (C) sub-industries, the data show.
 
The turnover contracted most in the chemical industry, by 9.0 per cent, in the electrical and electronics industry, by 6.6 per cent, and in the metal industry, by 4.7 per cent.
 
More turnover than in the previous year was generated only in the forest industry, 2.1 per cent, and in the textile, clothing and leather industry, 1.7 per cent. 
 
In the main categories of other industries, the turnover of electricity, gas, steam and air conditioning supply grew by 2.7 per cent year-on-year.
 
By contrast, the turnover contracted slightly from one year before in water supply, sewerage, waste management and remediation activities, by 0.4 per cent and in mining and quarrying, by 1.7 per cent.
 
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